Barrett v. Shambeau

Defendants had a directed verdict, and plaintiff appeals from the order denying his motion for judgment notwithstanding the verdict or a new trial.

The action arises out of the promotion of the Senac Automatic Oil Burner Corporation, incorporated under the laws of Delaware, May 8, 1926, and at once admitted to do business in Minnesota. The initiators of the scheme were defendants, Bandall probably taking the lead. They induced plaintiff to join and to subscribe and pay in $3,000, for which stock was issued to and received by him. The plan rvas that the corporation should take over from…